Guideline Value

Corporate

Guideline Value for Dhandeeswaram 7th Main Road

₹5500/sq.ft.

The guideline value for Dhandeeswaram 7th Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹785 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dhandeeswaram 7th Main Road

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Dhandeeswaram 7th Main Road guideline value

The current guideline value of Dhandeeswaram 7th Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class I Type - III.

How the guideline value of Dhandeeswaram 7th Main Road has changed

The guideline value for Dhandeeswaram 7th Main Road has seen significant changes over the years. In 2003, the guideline value was Rs 785 per sq.ft, which increased to Rs 2,200 per sq.ft in 2007, marking a change of +180%. By 2012, the value rose to Rs 5,000 per sq.ft, reflecting an increase of +127% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, which is a +10% increase from 2012.

It is important to note that there are no figures available for the years 2002, 2017, and 2023 for this street. Overall, from 2003 to 2024, the guideline value has increased by +601%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Dhandeeswaram 7th Main Road is above this median.

Stamp duty and registration fee for property in Dhandeeswaram 7th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total charges to Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 7th Main Road?

The Sub Registrar Office that covers Dhandeeswaram 7th Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Velachery

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 7th Main Road?

The current guideline value of Dhandeeswaram 7th Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 785 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of +601% over this period.

What are the stamp duty rates for property in Dhandeeswaram 7th Main Road?

The stamp duty for property transactions in Dhandeeswaram 7th Main Road is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Velachery?

The Velacheri Sub Registrar Office handles property registrations in Velachery, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Dhandeeswaram 7th Main Road?

Dhandeeswaram 7th Main Road is classified as Residential Class I Type - III, indicating its suitability for residential development.